Stakeholder Management in Long-Term Complex Megaconstruction Projects: The Saemangeum Project

Hyoungbae Park, Kyeongseok Kim, Yong Woo Kim, Hyoungkwan Kim

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

This paper identifies 31 critical success factors (CSFs) and suggests a framework for effective stakeholder management in long-term complex megaconstruction (LCM) projects that require more than 10 years for multipurpose development. The results of a survey on the prioritization of these 31 CSFs reveal that LCM projects involve more stakeholders than do general construction projects and require a correspondingly wider range of changes during each project. To identify more systematic and strategic approaches to stakeholder management in LCM projects, a framework was developed through factor analysis and focus-group interviews with project management experts. The framework is composed of the following five agendas: clear understanding of stakeholders, clear definition of the project, effective communication, responding to environmental changes, and social cooperation. The analysis results show that LCM projects require a stronger emphasis on responding to environmental changes and social cooperation. These results, along with the CSF priorities, reveal the necessity of taking customized approaches to LCM projects. The results of this analysis are expected to help LCM project managers effectively manage stakeholders.

Original languageEnglish
Article number05017002
JournalJournal of Management in Engineering
Volume33
Issue number4
DOIs
Publication statusPublished - 2017 Jul 1

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Factor analysis
Project management
Managers
Communication
Stakeholder management
Complex projects
Critical success factors
Stakeholders
Environmental change

All Science Journal Classification (ASJC) codes

  • Industrial relations
  • Engineering(all)
  • Strategy and Management
  • Management Science and Operations Research

Cite this

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Stakeholder Management in Long-Term Complex Megaconstruction Projects : The Saemangeum Project. / Park, Hyoungbae; Kim, Kyeongseok; Kim, Yong Woo; Kim, Hyoungkwan.

In: Journal of Management in Engineering, Vol. 33, No. 4, 05017002, 01.07.2017.

Research output: Contribution to journalArticle

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